Emperor places 129m shares to independents
Emperor International Holdings has placed 129.49 million shares to independent investors at $1.80 per share, to raise about $228.4 million. The placing shares amount to about 15 per cent of the existing share capital and about 13.04 per cent of the enlarged share capital.
Huaneng tariffs on excess output increase
China's largest independent power producer Huaneng Power International says the central government has raised tariffs at seven of its power plants in Jiangsu and Zhejiang provinces and Shanghai by between 3.04 per cent and 7.69 per cent, for output in excess of their annual off-take amounts. The tariffs are effective on June 15.
China Motion in Taiwan
China Motion Telecom has obtained its Mobile Virtual Network Operator licence in Taiwan, becoming the first foreign capital telecommunications company on the island. The company said it had already forged a partnership with a market leader in Taiwan.
